Houston-based Freight Technologies Inc. (Fr8Tech) recently invested millions in President Donald Trump’s official meme coins as a way to push for more technology investment and commerce between the United States and Mexico.
Fr8Tech announced on April 30 a $20 million bond agreement earmarked for the purchase of $TRUMP meme coins. Since then, Fr8Tech has made two purchases of $TRUMP totaling $2 million.
“Fr8Tech’s continued investment into TRUMP puts us at the intersection of finance and...
(The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.)
Some may question whether President Donald Trump’s method of hastily smashing apart government agencies will actually bring about proclaimed reforms, but his view on moving the U.S. Postal Service under the executive branch, and privatizing it at some point, has merit.
window.googletag = window.googletag || {cmd: []};...
https://www.freightwaves.com/news/us-postal-service-belongs-under-executive-branch
The Trump administration said on Sunday it has struck a trade deal with China after two days of negotiations in Geneva.
The announcement comes after U.S. and Chinese officials met in Switzerland to discuss the ongoing trade war.
“I’m happy to report that we made substantial progress between the United States and China in the very important trade talks,” Treasury Secretary Scott Bessent said in a statement from the White House. “We will be giving details tomorrow, but I can tell you that the talks...
https://www.freightwaves.com/news/white-house-says-china-trade-deal-reached-after-productive-talks
The Trump administration is considering slashing the 145% tariff on Chinese imports to as low as 50%, the New York Post reported on Thursday.
In addition, import duties on neighboring South Asian countries could be cut to as low as 25%, a source added.
“They are going to be bringing it down to 50% while the negotiations are ongoing,” an unidentified source told the Post.
The White House dismissed the report as conjecture.
“When decisions on tariffs are made, they will come directly from the...
https://www.freightwaves.com/news/trump-may-cut-tariffs-on-china-imports-to-as-low-as-50-report
President Donald Trump on Thursday announced a trade agreement with the United Kingdom, the first agreement established since his “Liberation Day” tariff announcement against all U.S. trading partners on April 2.
Trump said the final details of the agreement, which must be approved by Congress, will be finalized in the coming weeks, but it increases access for agricultural, chemicals, machinery and other products for both countries.
“The UK was largely closed, very much closed to trade, and now...
https://www.freightwaves.com/news/white-house-reaches-trade-agreement-with-united-kingdom
President Donald Trump said Tuesday there’s nothing Canadian Prime Minister Mark Carney could say to immediately eliminate trade tariffs imposed on goods from his country.
Trump hosted Carney at the White House on Tuesday for their first in-person meeting since Carney’s election victory on April 28.
During a question-and-answer session with journalists in the Oval Office, a reporter asked Trump if Carney could say anything to persuade him to lift tariffs right away.
“No. It’s just the way it is....
https://www.freightwaves.com/news/trump-says-he-wont-lift-tariffs-on-canadian-goods
On April 17, the Office of the United States Trade Representative (USTR) took targeted action to restore American shipbuilding and address what it says are China’s “unreasonable acts, policies, and practices to dominate the maritime, logistics, and shipbuilding sectors.” These responsive actions come after a year-long Section 301 investigation, which included the USTR convening a two-day public hearing, receiving nearly 600 public comments, and consulting with government agency experts and USTR...
https://www.marinelog.com/news/ustr-targets-chinas-maritime-and-shipbuilding-tactics/
As the U.S. tariff war escalates under the Trump administration, companies across industries are scrambling to adapt, with some seeing opportunity and others bracing for impact.
From automakers pausing production to tech giants reshuffling supply chains, the ripple effects of new trade policies are reshaping business strategies, investor expectations and global relationships.
Here’s a sector-by-sector breakdown of how major players are reacting to the mounting pressure of tariffs and retaliatory...
https://www.freightwaves.com/news/20-company-reactions-good-and-bad-to-trumps-tariff-war
President Donald Trump will sign an executive order Tuesday aiming to reduce the impact of auto tariffs on U.S. automakers, White House officials said.
The Wall Street Journal reported Monday that the White House is set to announce a new tariff structure for cars that avoids “stacking” tariffs on top of other import taxes already in place, such as additional 25% duties on foreign steel and aluminum.
Autos and parts subject to the 25% Section 232 autos tariffs would no longer be subject to other...
https://www.freightwaves.com/news/trump-plans-to-ease-tariffs-on-us-auto-imports
Importers bringing goods into the U.S. in March were improperly declaring imports that racked up hundreds of millions in duties and fees owed to the government.
According to the U.S. Customs and Border Protection (CBP) monthly report of various trade statistics in March, CBP completed 71 audits that identified $310 million in duties and fees owed to the U.S. government from undervalued or improperly declared goods entering the country.
The $310 million in fees assessed to undervalued or...